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ICMA-RC Launching New Tool for Retirement Plan Sponsors

September 26, 2018

ICMA-RC is excited to announce upcoming enhancements to its suite of tools for public sector retirement plan sponsors and their consultants. ICMA-RC's Plan Health Monitor will be available in the coming months to help assess overall plan health by providing informative, aggregated metrics and the ability to identify opportunities for improvement.

"ICMA-RC is strongly committed to offering products and services that will benefit our public sector clients and enhance their retirement plan outcomes,” said ICMA-RC President and CEO, Bob Schultze. “With the launch of account aggregation earlier this year, and with the upcoming launch of the Plan Health Monitor, we are enriching the tools ICMA-RC offers to participants, plan sponsors and consultants to evaluate retirement plan assets."

The Plan Health Monitor offers plan sponsors and their consultants several benefits, including a high-level snapshot of plans, which allows them to evaluate overall plan health through metrics such as retirement readiness and plan participation rate. Additionally, plan sponsors and consultants will have the ability to track results by creating targeted education campaigns.

"Forward looking technology driven solutions like the Plan Health Monitor are a prime example of the continually evolving value ICMA-RC provides to plan sponsors and consultants," said Karla Gill, ICMA-RC Senior Vice President, Chief Information and Innovation Officer. "We are rolling out these types of solutions to enhance informed decision making and positively impact retirement outcomes."